Which concept is the overall approach to responding to risk to keep residual risk within appetite?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Prepare for the ISACA IT Risk Fundamentals Test. Find flashcards and multiple choice questions, complete with hints and explanations. Ace your exam with confidence!

Multiple Choice

Which concept is the overall approach to responding to risk to keep residual risk within appetite?

Explanation:
The overall approach to handling risk so that what remains after controls stays within the organization's tolerance is risk response. This concept covers selecting and implementing actions to address identified risk, with the goal of bringing residual risk down to or below the risk appetite. It includes strategies such as reducing the risk through controls, transferring or sharing risk, accepting some level of risk, or avoiding the risk altogether. Safeguards and other controls are concrete measures used to execute these strategies, but the umbrella idea that guides the entire process is risk response.

The overall approach to handling risk so that what remains after controls stays within the organization's tolerance is risk response. This concept covers selecting and implementing actions to address identified risk, with the goal of bringing residual risk down to or below the risk appetite. It includes strategies such as reducing the risk through controls, transferring or sharing risk, accepting some level of risk, or avoiding the risk altogether. Safeguards and other controls are concrete measures used to execute these strategies, but the umbrella idea that guides the entire process is risk response.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy